A Message From Davos: QE Alone Won't Solve Europe's Woes

Angel Gurria, head of the Paris-based Organisation for Economic Cooperation and Development (OECD), encouraged ECB President Mario Draghi to "go as far as he can" but added: "There's only so much central banks can do. Basically all they can do is wait until the governments do the right thing."

With Switzerland refusing to share information based on stolen data, India will provide independent evidence on black money account holders, its alternate but not preferred position, Finance Minister Arun Jaitley has said.

Earlier on Wednesday, International Energy Agency's chief economist Fatih Birol also said that he expects prices - hovering at April 2009 lows - to rebound later this year.

President Petro Poroshenko said on Wednesday more than 9,000 Russian troops were backing Ukrainian separatist fighters that Moscow will be under pressure to reel in at high-stakes peace talks in Berlin.

Financial markets have been obsessing for months about the timing, size and structure of a European Central Bank bond-buying programme that seems likely to be unveiled today.

China's Premier Li Keqiang sought Wednesday to allay fears over the Asian giant's growth outlook, telling business and government elites gathered in Davos that the economy is not heading for a sharp slowdown.

India and Switzerland have taken a "few good steps" in their talks on exchanging information on black money account holders, Swiss Minister of Finance Eveline Widmer Schlumpf told NDTV in an exclusive interview right after her meeting with Finance Minister Arun Jaitley.

Here to showcase India as an investment destination at the World Economic Forum (WEF), Finance Minister Arun Jaitley on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.

The Organization of the Petroleum Exporting Countries (OPEC) defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up.

Tech tycoons said technological advances will explode 10 times faster than the Internet boom in the 1990s.

The tumble in global crude prices has been a big benefit for countries like India, which imports nearly four-fifth of its oil requirement. Apart from lower fuel prices and hence lower inflation, the Indian government's subsidy burden also eases significantly.

Bhattacharya said the new government has been looking at ways to get projects framed in a better manner.

He was speaking at the Make In India lounge here at the World Economic Forum (WEF) annual meet.

Investments are expected across diverse areas of the energy sector including in renewables as well as transmission and distribution segments, he added.

Ms Kochhar, who has been attending WEF Annual Meetings in Davos and other global summits for a long time, said the confidence in the India growth story is seeing a major uptick this year and would soon start yielding results.

In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients although Indian corporate leaders do not appear much impressed.

Looking to dupe people in the name of the World Economic Forum's annual meeting, cyber criminals posing as WEF officials are sending out fictitious emails offering membership, participation and even offers of employment.

With as many as 120 registered participants, the Indian presence is the fifth largest at the ongoing the annual World Economic Forum (WEF) meeting in this ski resort town on slopes of the Swiss Alps, where buses are also seen carrying 'Make In India' slogans.

Ajit Gulabchand, chairman & MD of HCC, said that the difference this year in Davos is that everybody who had turned their backs on India and talked about India in whispering terms are back here asking, what is happening in India.

Infosys has been called a company in transition for a while now, but the management seems to have moved on. NDTV's Prashant Nair caught up with Infosys chief executive officer Pravin Rao in Davos.